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Venus and Earth started out with roughly the same amount of water. While Earth still has water in abundance, all of Venus' was lost. Where did it go?
Prepaid Expenses
Payments made for goods or services to be received in the future, recognized as assets on the balance sheet until they are incurred.
Journal Entry
A record of financial transactions in the accounting books of a business, indicating the accounts affected and the amounts.
Credits
Refers to the accounting entries that increase liabilities or decrease assets, representing the opposite effect of debits in double-entry bookkeeping.
Liability Accounts
Accounts on a balance sheet that represent obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.
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